Greenbrier Companies, Inc. (The) (NYSE:GBX) Declares $0.34 Quarterly Dividend

Greenbrier Companies, Inc. (The) (NYSE:GBX) declared a quarterly dividend on Wednesday, July 1st. Investors of record on Thursday, July 16th will be paid a dividend of 0.34 per share by the transportation company on Thursday, August 6th. This represents a c) annualized dividend and a yield of 3.0%. The ex-dividend date is Thursday, July 16th.

Greenbrier Companies has increased its dividend payment by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 3 consecutive years. Greenbrier Companies has a payout ratio of 28.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Greenbrier Companies to earn $3.80 per share next year, which means the company should continue to be able to cover its $1.36 annual dividend with an expected future payout ratio of 35.8%.

Greenbrier Companies Price Performance

Shares of Greenbrier Companies stock traded down $1.93 during midday trading on Thursday, hitting $45.95. 832,680 shares of the company were exchanged, compared to its average volume of 447,902. Greenbrier Companies has a 52 week low of $38.23 and a 52 week high of $59.19. The firm has a 50 day simple moving average of $48.65 and a 200-day simple moving average of $50.56. The firm has a market cap of $1.42 billion, a P/E ratio of 9.89 and a beta of 1.43.

Greenbrier Companies (NYSE:GBX) last released its quarterly earnings results on Wednesday, July 1st. The transportation company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.03. Greenbrier Companies had a return on equity of 8.94% and a net margin of 5.12%.The business had revenue of $576.50 million during the quarter, compared to analysts’ expectations of $612.69 million. During the same period in the previous year, the business posted $1.86 earnings per share. The firm’s revenue for the quarter was down 31.6% compared to the same quarter last year. Equities research analysts expect that Greenbrier Companies will post 3.2 earnings per share for the current year.

Institutional Investors Weigh In On Greenbrier Companies

Hedge funds have recently added to or reduced their stakes in the business. Gen Wealth Partners Inc bought a new position in shares of Greenbrier Companies during the 4th quarter worth approximately $38,000. Quarry LP increased its stake in Greenbrier Companies by 6,900.0% in the third quarter. Quarry LP now owns 1,120 shares of the transportation company’s stock valued at $52,000 after purchasing an additional 1,104 shares in the last quarter. Meeder Asset Management Inc. acquired a new position in shares of Greenbrier Companies during the first quarter valued at about $54,000. Danske Bank A S bought a new position in shares of Greenbrier Companies during the 4th quarter worth about $61,000. Finally, Tower Research Capital LLC TRC boosted its position in shares of Greenbrier Companies by 282.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,040 shares of the transportation company’s stock worth $140,000 after purchasing an additional 2,245 shares in the last quarter. 95.59% of the stock is currently owned by institutional investors and hedge funds.

About Greenbrier Companies

The Greenbrier Companies, headquartered in Lake Oswego, Oregon, is a leading supplier of freight transportation equipment and services. The company designs, engineers and manufactures railroad freight cars—such as intermodal well cars, covered hoppers, tank cars and double-stack cars—as well as marine barges for domestic and international customers. Beyond original equipment production, Greenbrier provides aftermarket services including maintenance, repair, refurbishment and mechanical overhauls under long-term service agreements.

Greenbrier’s operations are organized into OEM and aftermarket segments, with manufacturing facilities and engineering centers across North America, Europe and Russia.